business news

HSBC builds innovation division from the bones of collapsed SVB UK

U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology…

Silvio Berlusconi, billionaire media mogul and former Italian prime minister, dies at 86

Silvio Berlusconi, the billionaire media mogul who served as Italian prime minister multiple times between 1994 and 2011, has died.…

Kyiv says it has liberated front-line villages in counteroffensive; Putin appeals to Russians’ patriotism

This was CNBC’s live blog tracking developments on the war in Ukraine on June 12, 2023. See here for the…

UBS says it has completed the takeover of stricken rival Credit Suisse

Swiss bank UBS on Monday said that it formally completed the takeover of its rival Credit Suisse. “Instead of competing, we’ll now unite…

What one key business indicator is saying about China’s consumer recovery

BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn’t expected to bounce back…

Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows

China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…

Trump indictment is ‘very, very damning,’ his former attorney general says

Follow our live coverage of Donald Trump’s indictment in the classified documents case. After a 37-count criminal indictment against Donald Trump was unsealed Friday,…

Ex-Scottish leader Nicola Sturgeon released after arrest by police in party finance probe

Former Scottish First Minister Nicola Sturgeon, who dominated politics in Scotland for almost a decade, was arrested and questioned for…

Here’s what’s hot — and what’s not — in fintech right now

AMSTERDAM, Netherlands — At last year’s Money 20/20 — Europe’s marquee event for the financial technology industry — investors and…